Insider Selling: Laureate Education Inc (LAUR) Major Shareholder Sells $189,336,000.00 in Stock

Laureate Education Inc (NASDAQ:LAUR) major shareholder Alberta Lp Wengen sold 14,087,500 shares of the business’s stock in a transaction dated Tuesday, November 20th. The shares were sold at an average price of $13.44, for a total transaction of $189,336,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Shares of LAUR opened at $14.49 on Friday. The stock has a market capitalization of $3.25 billion, a price-to-earnings ratio of -12.08, a price-to-earnings-growth ratio of 1.49 and a beta of 0.93. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.95 and a current ratio of 0.95. Laureate Education Inc has a fifty-two week low of $11.52 and a fifty-two week high of $17.15.

Laureate Education (NASDAQ:LAUR) last announced its quarterly earnings data on Thursday, November 8th. The company reported ($0.18) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.22) by $0.04. The business had revenue of $787.10 million for the quarter, compared to analysts’ expectations of $929.30 million. Laureate Education had a net margin of 11.83% and a return on equity of 14.99%. The business’s revenue was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($1.02) earnings per share. As a group, equities analysts predict that Laureate Education Inc will post 0.81 earnings per share for the current year.

Several equities analysts recently issued reports on the stock. Barrington Research reiterated a “buy” rating and set a $20.00 price target on shares of Laureate Education in a research report on Monday, November 12th. Zacks Investment Research cut shares of Laureate Education from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 23rd. ValuEngine upgraded shares of Laureate Education from a “sell” rating to a “hold” rating in a research report on Friday, October 12th. Citigroup boosted their price target on shares of Laureate Education from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, August 15th. Finally, Barclays reiterated a “hold” rating and set a $17.00 price target on shares of Laureate Education in a research report on Friday, August 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. Laureate Education has an average rating of “Buy” and a consensus target price of $18.44.

A number of institutional investors and hedge funds have recently made changes to their positions in LAUR. Apollo Management Holdings L.P. purchased a new stake in Laureate Education in the second quarter worth about $94,610,000. Morgan Stanley grew its holdings in Laureate Education by 527.1% in the third quarter. Morgan Stanley now owns 1,897,383 shares of the company’s stock worth $29,296,000 after purchasing an additional 1,594,832 shares during the period. Macquarie Group Ltd. purchased a new stake in Laureate Education in the second quarter worth about $15,059,000. BlackRock Inc. grew its holdings in Laureate Education by 24.3% in the third quarter. BlackRock Inc. now owns 4,900,592 shares of the company’s stock worth $75,665,000 after purchasing an additional 956,777 shares during the period. Finally, Millennium Management LLC grew its holdings in Laureate Education by 237.8% in the second quarter. Millennium Management LLC now owns 1,341,444 shares of the company’s stock worth $19,223,000 after purchasing an additional 944,299 shares during the period. Institutional investors and hedge funds own 36.49% of the company’s stock.

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About Laureate Education

Laureate Education, Inc, together with its subsidiaries, provides higher education programs and services to students through universities and higher education institutions. It operates through six segments: Brazil, Mexico, Andean & Iberian, Central America & U.S. Campuses, EMEAA, and Online & Partnerships.

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